Creble Company reported net income for 2009 in the amount of $40,000. The company's financial statements also included the following: In the statement of cash flows what is net cash provided by operating activities under the indirect method?
A)$36,000.
B)$41,000.
C)$40,000.
D)$38,000.

Question

Quizplus · Accepted Answer

Net income is $40,000. Add back depreciation and subtract the increase in net working capital to get net cash provided by operating activities of $36,000.

Creble Company Reported Net Income for 2009 in the Amount